Rhode Island
HMDA Loan Application Totals
and Mortgage Lending Details
for 2023

Discover comprehensive Rhode Island mortgage statistics and HMDA loan application data from 2003 to 2023.
Explore detailed insights into the total number of mortgage applications, loan amounts, and lending trends across the state.
Our interactive lists allow you to analyze mortgage data by county and metropolitan area, helping you track regional lending patterns.

Need in-depth lender data?
Easily download a formatted spreadsheet containing aggregated HMDA statistics for all Rhode Island based lenders.
Whether you're an industry analyst, homebuyer, or researcher, this data provides valuable insights into Rhode Island's mortgage market trends.

Download the entire list of mortgage lenders in Rhode Island
Years	2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003
Total Number of Mortgage Applications	38,150
Total Mortgage Loan Application Amount	$10,489,175,000
Average Mortgage Loan Application Amount	$274,000
Highest Mortgage Loan Application Amount	$55,005,000
Average Applicant Income	$140,000
Highest Applicant Income	$9,701,000

Explore comprehensive HMDA mortgage statistics and application trends for 2023 in Rhode Island. Below, you'll find key insights, including total mortgage applications, average loan amounts, highest application amounts, and the income levels of top applicants. If you're researching mortgage and loan application data in Rhode Island, these statistics will help you understand market trends and lending patterns as you navigate the mortgage process.

Our HMDA dataset allows you to analyze mortgage loan applications for 2023 across various categories, including loan purpose, applicant race, loan type, application outcomes, and reasons for denial. These detailed breakdowns provide valuable insights into borrower demographics and lender activity, making them an essential resource for homebuyers, real estate professionals, and industry analysts.

Each category highlights the total number of mortgage applications, total loan amounts, average mortgage sizes, and the highest loan amounts within each segment. You can also explore borrower income data, including average applicant income and the highest reported incomes for mortgage applicants. Whether you're evaluating lender performance, researching loan approval trends, or comparing mortgage options, this HMDA-backed data offers a valuable snapshot of the mortgage landscape in Rhode Island.

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Mortgage Loan Application Detail Totals for Rhode Island in 2023

Loan Purpose	Total Number of Mortgage Applications	Total Dollar Amount of Mortgage Loan Applications	Average Mortgage Loan Amount	Highest Mortgage Loan Amount	Average Applicant Income	Highest Applicant Income
Home Purchase	14,813	$6,031,885,000	$407,000	$55,005,000	$162,000	$9,701,000
Home Improvement	7,040	$851,820,000	$120,000	$15,005,000	$131,000	$3,523,000
Other Purpose	5,777	$741,755,000	$128,000	$9,105,000	$128,000	$4,524,000
Cash-out Refinancing	5,709	$1,538,660,000	$269,000	$12,835,000	$116,000	$6,065,000
Refinancing	4,732	$1,298,130,000	$274,000	$38,505,000	$135,000	$6,264,000
Not Applicable	79	$26,925,000	$340,000	$2,755,000	$64,000	$74,000

Applicant Race	Total Number of Mortgage Applications	Total Dollar Amount of Mortgage Loan Applications	Average Mortgage Loan Amount	Highest Mortgage Loan Amount	Average Applicant Income	Highest Applicant Income
White	23,659	$5,751,005,000	$243,000	$12,355,000	$146,000	$9,701,000
Not Provided	4,303	$1,228,565,000	$285,000	$50,005,000	$150,000	$8,302,000
Hispanic	4,188	$946,290,000	$225,000	$1,595,000	$106,000	$8,409,000
Not applicable	2,677	$1,709,720,000	$638,000	$55,005,000	$144,000	$820,000
Black or African American	2,058	$511,550,000	$248,000	$1,915,000	$117,000	$7,438,000
Asian	843	$246,925,000	$292,000	$2,925,000	$157,000	$3,705,000
American Indian or Alaskan Native	194	$40,170,000	$207,000	$1,165,000	$108,000	$800,000
Native Hawaiian or Other Pacific Islander	53	$10,305,000	$194,000	$735,000	$167,000	$3,457,000

Loan Type	Total Number of Mortgage Applications	Total Dollar Amount of Mortgage Loan Applications	Average Mortgage Loan Amount	Highest Mortgage Loan Amount	Average Applicant Income	Highest Applicant Income
Conventional (any loan other than FHA, VA, FSA, or RHS loans)	31,602	$8,087,295,000	$255,000	$55,005,000	$146,000	$9,701,000
FHA-insured (Federal Housing Administration)	5,295	$1,886,625,000	$356,000	$32,965,000	$106,000	$8,409,000
VA-guaranteed (Veterans Administration)	1,242	$511,220,000	$411,000	$1,905,000	$119,000	$560,000
FSA/RHS (Farm Service Agency or Rural Housing Service)	11	$4,035,000	$366,000	$2,005,000	$112,000	$185,000

Outcome	Total Number of Mortgage Applications	Total Dollar Amount of Mortgage Loan Applications	Average Mortgage Loan Amount	Highest Mortgage Loan Amount	Average Applicant Income	Highest Applicant Income
Loan Originated	20,636	$5,966,590,000	$289,000	$50,005,000	$150,000	$9,701,000
Application Denied By Financial Institution	7,985	$1,362,675,000	$170,000	$5,985,000	$109,000	$5,562,000
Application Withdrawn By Applicant	4,407	$1,368,795,000	$310,000	$38,505,000	$150,000	$8,409,000
Loan Purchased By The Institution	2,542	$1,089,325,000	$428,000	$8,855,000	$168,000	$1,228,000
File Closed For Incompleteness	1,808	$433,610,000	$239,000	$11,305,000	$132,000	$6,065,000
Application Approved But Not Accepted	738	$201,560,000	$273,000	$4,005,000	$137,000	$2,487,000
Preapproval Denied by Financial Institution	20	$61,400,000	$3,070,000	$55,005,000	$103,000	$305,000
Preapproval Approved but not Accepted	14	$5,220,000	$372,000	$605,000	$116,000	$238,000

Denial Reason	Total Number of Mortgage Applications	Total Dollar Amount of Mortgage Loan Applications	Average Mortgage Loan Amount	Highest Mortgage Loan Amount	Average Applicant Income	Highest Applicant Income
Not applicable	29,604	$8,963,205,000	$302,000	$50,005,000	$149,000	$9,701,000
Debt-To-Income Ratio	4,055	$706,835,000	$174,000	$9,105,000	$92,000	$4,160,000
Credit History	1,794	$228,710,000	$127,000	$1,625,000	$113,000	$3,457,000
Collateral	1,157	$225,895,000	$195,000	$1,965,000	$147,000	$3,864,000
Other	631	$174,725,000	$276,000	$55,005,000	$163,000	$5,562,000
Credit Application Incomplete	613	$111,715,000	$182,000	$925,000	$129,000	$2,152,000
Unverifiable Information	150	$34,390,000	$229,000	$885,000	$120,000	$1,175,000
Insufficient Cash (Downpayment, Closing Cost)	74	$24,380,000	$329,000	$1,235,000	$98,000	$326,000
Employment History	70	$18,880,000	$269,000	$705,000	$85,000	$248,000
Mortgage Insurance Denied	2	$440,000	$220,000	$345,000	$54,000	$79,000

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Mortgage Loan Application Totals in 2023 by Rhode Island Metropolitan Area

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Metro Area	Total Number of Mortgage Loan Applications	Total Dollar Amount of Mortgage Loan Applications	Average Mortgage Loan Application Amount	Average Applicant Income
PROVIDENCE-WARWICK, RI-MA	38,150	$ 10,489,175,000	$ 274,000	$ 140,000

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Mortgage Loan Application Totals in 2023 by Rhode Island County

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County	Total Number of Mortgage Loan Applications	Total Dollar Amount of Mortgage Loan Applications	Average Mortgage Loan Application Amount	Average Applicant Income
Bristol	1,693	$ 523,815,000	$ 309,000	$ 175,000
Kent	7,186	$ 1,635,610,000	$ 227,000	$ 126,000
Newport	2,927	$ 1,200,235,000	$ 410,000	$ 226,000
Providence	21,666	$ 5,587,455,000	$ 257,000	$ 120,000
Washington	4,678	$ 1,542,060,000	$ 329,000	$ 187,000

Our comprehensive HMDA mortgage statistics offer invaluable insights into Rhode Island's 2023 lending landscape. By analyzing detailed data on mortgage applications, loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can identify key trends shaping the state's housing market.

This in-depth information enables real estate experts, financial analysts, and policymakers to monitor market shifts, assess borrower demographics, and evaluate lender performance effectively. Leverage this powerful data to make informed decisions, conduct thorough market research, and stay ahead in the evolving mortgage industry.
To gain a deeper understanding of Rhode Island's mortgage lending environment, download the comprehensive list of lenders and their aggregated HMDA statistics today.

Download the Rhode Island Lender List

Rhode Island HMDA Loan Application Totals and Mortgage Lending Details for 2023

Mortgage Loan Application Detail Totals for Rhode Island in 2023

Loan Purpose

Applicant Race

Loan Type

Outcome

Denial Reason

Mortgage Loan Application Totals in 2023 by Rhode Island Metropolitan Area

Mortgage Loan Application Totals in 2023 by Rhode Island County

Rhode Island
HMDA Loan Application Totals
and Mortgage Lending Details
for 2023